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The Hummer is back, but it won’t remind you much of the gas guzzling monster SUV.

It’s more like the “Honey, I shrunk the kids” version.

My Electric Car scaled down the design of Hummer H2 and turned the gas guzzler into an all-electric car. Doesn’t sound anything like that V-8 monster that used to be popular on U.S. roads?

The car, which is only sold in Europe at the moment, gets more than 60 miles on a single charge, The company gives owners the option of upgrading to a lithium-ion battery that will boost the range to more than 100 miles.

The Hummer HX doesn’t have the roomy interior that its forefather had. It only has room for two people, and it doesn’t have a ton of cargo space either. But you can’t really blame it, since its only 9 feet long (roughly half as long as the H2).

According to MEV, General Motors planned to release the Hummer HX model in the United States, believing that it “would have saved them.” However, after the brand was shut down, My Electric Vehicle stepped in to buy the design.

There isn’t a ton of information on how fast this thing goes, but it’s got plenty of options, including a convertible, heated seats, DVD system and 18-inch rims. It also comes in burnt orange and other terribly bright colors.

Baker Hughes Incorporated has posted Weekly Rig Count reports to its Investor Relations website according to which the U.S. offshore rig count is up from last week. BHI Rig Count: U.S. -2 to 874 rigs U.S. Rig Count is down 2 rigs from last week to 874, with oil rigs up 5 to 664, gas […]

Exxon Mobil Corporation, an American oil and gas corporation, Friday announced estimated second quarter 2015 earnings of $4.2 billion, compared with $8.8 billion in the same period a year earlier. The U.S. Upstream operations recorded a loss of $47 million, down $1.2 billion from the second quarter of 2014. Non-U.S. Upstream earnings were $2.1 billion, […]

Chevron Corporation, an American multinational energy corporation, Friday reported earnings of $571 million for the second quarter 2015, compared with earnings of $5.7 billion in the same period last year. Included in the quarter were impairments of $1.96 billion and other charges of approximately $670 million relating to project suspensions and adverse tax […]

Afren, an international independent oil exploration and production company, has filed for administration after failing to get support for its refinancing efforts. According to Afren, the recently completed operational review has led the company to expect materially lower near-term production from its assets as compared to the production level assumed in the […]

Awilco Drilling PLC, a UK-based drilling contractor, and Hess Limited have mutually agreed to release the WilHunter semi-submersible rig ahead of the December 1, 2015 contract date as a consequence of the early completion of the decommissioning program. Awilco has said that there will be no negative financial repercussions to either party as a result of this […]

The Offshore Installations (Offshore Safety Directive) (Safety Case etc.) Regulations 2015 (SCR 2015) came into force on July 19, 2015. They are the UK’s response to the EU’s Offshore Directive which was adopted in June 2013. Britain’s Health and Safety Executive (HSE) published a new guide to help offshore oil and gas operators to adhere […]

British energy company BG Group, soon to be taken over by Shell in a $70 billion deal, has seen its profit rise in the second quarter of 2015. Namely, BG Group reported that its total earnings for the second quarter of 2015 were $2 225 million compared to $1 367 million in the second quarter […]

The World Bank Thursday approved a $700 million investment in guarantees for Ghana’s Sankofa gas project, located in the Cape Three Points block, 60km offshore Ghana. According to the Washington-based international organization World Bank, Sankofa is a transformational project that will help develop new sources of clean and affordable natural gas for domesti […]

U.S. Senate Committee on Energy and Natural Resources approved Thursday the Energy Policy Modernization Act of 2015, and Offshore Production and National Security Act (OPENS), which would ensure Alaska and other coastal states receive a fair share of the revenue from oil and gas activity off their shores. The bill would also lift the ban on […]

Subsea World News has put together a recap of the most interesting articles from the previous week (July 27– August 02). DOF Subsea, a subsidiary of DOF ASA, has reached an agreement with Subsea 7... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

The Board of Siem Offshore has decided to appoint Idar Hillersøy as new CEO of the company with effect from August 01. Idar Hillersøy has since April 01, 2015 been responsible for the OSV segment of... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Siemens Energy Management and VBMS (UK) Ltd have been selected by the proposed Navitus Bay wind park as the preferred electrical transmission system supplier. The two companies will come together to... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Stena Line considers the European Commission’s tacit approval of public financing of the Fehmarn Belt fixed rail-road link between Denmark and Germany discriminatory and not in line with EU State aid... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

The Honourable Gail Shea, Minister of Fisheries and Oceans Canada, and the Honourable Leona Aglukkaq, Minister of the Environment and Minister of the Canadian Northern Economic Development Agency,... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Tidal Lagoon Power (TLP) has appointed JBA Consulting to undertake flood risk assessment work in relation to their Tidal Lagoon Cardiff project. The Severn Estuary is the focus of Tidal Lagoon... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Jee Ltd has announced a number of key internal promotions to strengthen its capabilities and champion the delivery of projects. The new structure, headed up by Jonathan McGregor, Head of engineering... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

NOAA Ship Okeanos Explorer will begin two months of dives using unmanned remotely operated vehicles, or ROVs, to explore marine protected areas in the central Pacific Ocean. Starting on Aug. 1,... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

JOIDES Resolution research vessel is preparing to take a group of international scientists on a two-month ocean expedition up the coast of Western Australia to drill deep into the seabed, on a... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

America’s first Bachelor of Science in Maritime Technology, offered by Northwestern Michigan College, is to get a special Falcon ROV, Saab Seaeye informed. In what the college says is a pioneering... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Statoil’s active leases in the Gulf of Mexico

SoulCycle — an expensive fitness studio popular among urban women — filed to go public on Thursday. This verifies that the boutique indoor cycling classes are, in fact, taking over America. But as with many fitness fads, it's not all it's cracked up to be. I can confirm this firsthand. I had a momentary obsession with SoulCycle. Stuck in a fitness […]

Italian police stopped California rapper Snoop Dogg on Friday as he prepared to board a private plane bound for Britain with $422,000 in cash in his Louis Vuitton luggage, said an Italian lawyer representing the entertainer. In the European Union, the maximum amount of undeclared cash one can take on board a plane is 10,000 euros ($10,986.00). Snoop Dogg, wh […]

DUBAI/BEIRUT (Reuters) - President Hassan Rouhani affirmed his confidence in Iran's nuclear deal with world powers on Sunday, tackling the criticisms of hardliners and highlighting the achievements of his two-year-old presidency. With one eye on a likely run for re-election in 2017, Rouhani used a live interview on state TV to tout the deal as a new […]

While thrifting, a photographer named Meagan Abell came across a box of stunning color photos she believed were taken in the fifties. Now Abell, who is from Virginia, is trying to track down the origin of the photos — and thousands of people have joined her search on Facebook. PetaPixel reported Abell wrote a long Facebook status regarding the photos. Abell […]

On July 27, more than a thousand artificial intelligence researchers co-signed an open letter urging the United Nations (UN) to ban the development and use of autonomous weapons. Presented at the 2015 International Joint Conference on Artificial Intelligence in Buenos Aires, Argentina, the letter features prominent researchers studying artificial intelligenc […]

Google Street View started in 2007 with just a van snapping photos of five cities.Join the conversation about this story » NOW WATCH: Johnny Depp looks ready for an awesome comeback in this movie about Whitey Bulger

On July 24, Turkey announced that it would finally allow US forces to use its Incirlik Airbase to carry out strikes against ISIS militants in Syria and Iraq. But Turkey's access came with conditions. Ankara is clearly is more concerned about its sizable and rebellious Kurdish minority, which is upwards of 13% of the country's population, than it is […]

iTunes is the glue of Apple’s software universe: It connects the company’s phones and tablets, desktops and laptops, and online media store and streaming service. It is also, in the inimitable judgement of the indie iOS developer Marco Arment, “a toxic hellstew.” I agree: It’s why I wrote about how poorly iTunes performs for classical music listeners and, re […]

Is there anyone out there who isn't using a smart phone these days? No, your grandparents don't count. iPhones and the like are everywhere, but one college student recently wrote an ode to her flip phone — and explained why she thinks everyone else is missing out. Bekah Pollard is a contributing editor for The LaLa, a website for and by college wom […]

If the longs use VIX products as hedging instruments, then why would anyone take the other side? Especially in light of the fact that, as we discussed previously, only 1 in 20 "skilled" traders profit from VIX ETFs. Because, being short volatility can be very profitable, according to Goldman. Year-to-date this short vol index is up 56%, and selling […]

One narrative we’ve been building on for quite some time is the idea that both stocks and bonds have been propped up by a perpetual bid from price insensitive buyers. Put simply, it really doesn’t matter how overvalued something is if your primary concern is something other than maximizing your return on investment. Take corporate buybacks for instance. Bot […]

Submitted by Mark St.Cyr, There has probably been no greater investing mantra placed upon an industry in recent memory than the now reflexive, as well as defensive response of “It’s different this time” when questioning anything Social. Trying to understand the business model along with its metrics, valuations and more is not only arduous, the response seems […]

It's been a sad week for Venezuela. First, on Wednesday we showed what happens to local supermarkets when formerly Latin American paradises run out of other people's money. Then, the next day we showed what happens when in the aftermath of scenes such as the one above the social mood turns violent, and how what was once supposed to be a socialist u […]

Submitted by Jeffrey Snider via Alhambra Investment Partners, I typically stay away from sentiment indicators and measures of “confidence” not just because they are of dubious construction but they often don’t mean what they are taken for. In the case of consumer confidence, you get both problems simultaneously particularly at the ends of each cycle. In othe […]

Early last month in "Crowdsourcing Police Brutality", we highlighted an ongoing project at The Guardian which is attempting to tally the number of people killed by police in the US during 2015. Use of deadly force by authorities in America has become a hot button issue after several high profile cases involving the death of unarmed black suspects c […]

Submitted by Lee Adler via WallStreetExaminer.com, The headline, fictional, seasonally adjusted (SA) number of initial unemployment claims for last week came in at 267,000. The Wall Street economist crowd consensus guess close to the mark this week, at 272,000. We focus on the trend of the actual data, instead of the seasonally manipulated headline number ex […]

August 2 is the day when Russia celebrates its Airborne Forces, only this year something went very wrong, and it was all caught on tape. As Reuters report, one pilot died and another was injured when a helicopter crashed at an airshow in the Russian region of Ryazan on Sunday. During aerobatics at the event some 200 km (124 miles) south-east of Moscow, an Mi […]

It was almost exactly two years ago, when during China's long-forgotten attempt to actively deleverage its economy (remember that? good times...) we commented on the country's s first attempt to estimate what its local government debt is since June 2011. This is what we said in July 2013: "China is preparing to admit that the level of problem […]

Part 4: The State Strikes Back The counterfeiting business, like any other, has fundamental economic constraints. At one end, operators must produce a product. That, in turn requires very specialized equipment and supplies, all of which cost money. The better the product is to be, the more it will cost to produce. In the case of the bills sitting in front of […]

It takes more than raw power to run a successful state; people must believe that laying their wealth at your feet is a righteous thing to do. This week, we'll look at a big part of how this idea came to Europe. Continued from last week... THE RE-CONQUEST The Church was not, however, willing to forgo military power. They knew its importance and wished to […]

Today's excerpt is by Orin Kerr, a George Washington University law professor. The Sandra Bland arrest video he discusses will – or at least should – outrage anyone who respects justice and decency. The way the officer repeatedly screams, "I'm giving you a lawful order" suggests he defines "lawful" as "subservient to me. […]

Modern technology makes life easier, but it can also change our perception in potentially dangerous ways. For instance, the Internet lets us see news and political commentary from many different perspectives. Intuitively, this might seem positive. We can easily examine various viewpoints and make informed decisions. What really happens, though, is that peopl […]

Due to Obamacare, my health plan has become something other than insurance. It is now, for the most part, nothing other than a wealth transfer scheme to benefit the politically connected over others. In order to identify the difference between health insurance and government-mandated health care coverage, we can look to Human Action, in which Ludwig von Mise […]